Southern Company

(SO) - Get Southern Company Report

said Monday that Allen Franklin has been elected chairman of the board.

Franklin was named president and chief executives of the Atlanta-based energy company last month. In all positions, he replaced A.W. "Bill" Dahlberg. Both men

recently spoke with

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about changes at Southern Company.

Shares of Southern Company fell 14 cents, or 0.4%, to $34.95 in recent trading on the

New York Stock Exchange

. Earlier on Monday, the company hit a 52-week high of $35.72.